Statement of cash flows-indirect method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Dec. 31, 2018 Dec. 31, 2017 $70,540 $86,440 108,390 116,530 154,830 144,430 6,310 4,380 315,410 258,770 (82,010) (63,460) $573,470 $547,090 Accounts payable (merchandise creditors) $120,430 $114,340 Mortgage note payable 0 164,130 Common stock, $1 par 18,000 11,000 Paid-in capital in excess of par-common stock 273,000 154,000 Retained earnings 162,040 103,620 Total liabilities and stockholders' equity $573,470 $547,090 Additional data obtained from the income statement and from an examination of the accounts in the led for 2018 are as follows: a. Net income, $149,560. b. Depreciation reported on the income statement, $40,030. c. Equipment was purchased at a cost of $78,120 and fully depreciated equipment costing $21,480 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment witho penalty. e. 7,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and paid, $91,140. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 2018 Cash balance, December 31, 2018 0000